October 30, 2019 07:24 ET | Source: Research and Markets Research and Markets

Dublin, Oct. 30, 2019 (GLOBE NEWSWIRE) -- The "Heat Exchangers - A Global Market Overview" report has been added to ResearchAndMarkets.com's offering.

While Tabular Heat Exchangers market account for Lion's share of over 50% of the global Heat Exchangers market, Plate Type Heat Exchangers market is poised to post the fastest 2019-2025 CAGR of 8% and reach a projected US$6.8 billion by 2025 from a forecast US$4.3 billion in 2019. The overall global market for Heat Exchangers is expected to exceed US$16 billion in 2019.

The recent past has witnessed significant developments in the global heat exchangers market. The environment-friendly and energy-efficient properties of these devices have made them an indispensable component of several industrial applications. Increasing prices of energy have resulted in the growing demand for heat exchangers and these devices play a key role in saving energy in many industries, such as chemical, petrochemical, petroleum refining and power. KEY MARKET TRENDS

KEY BUSINESS AND PRODUCT TRENDS

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